Crypto analyst Rager recently provided valuable insights to Bitcoin and Ethereum investors ahead of the impending bull run. As part of his statements, he revealed the best time to go all-in on the two largest crypto tokens by market cap: Bitcoin and ether.
“Last big chance for this cycle”
Rager opined in an X (formerly Twitter) after that the “last big opportunity for this cycle” will occur around the month Bitcoin halving. In line with this, he also stated that he was still holding positions and waiting for the “BTC and ETH pullback,” which he explicitly predicts will happen between now and May.
According to Rager, this “nice dip” is the perfect time for crypto investors to prepare themselves for this the bull run of the cycle. His statement also suggests that Bitcoin and Ethereum (and possibly other crypto tokens) will see a massive run after that pullback occurs. Interestingly, analysts have continued to do this identify this event as what will kickstart the next bull run.
BTC price recovers above $51,000 | Source: BTCUSD on Tradingview.com
Bitcoin Reaches $60,000 Could Be Close
In a sequel X messageRager gave an idea of what price level Bitcoin could fall to When the crash happened, he hinted that he wouldn’t invest until Bitcoin fell to $48,000. Him too as long as an analysis of Bitcoin’s current price action, noting that it “consists of a few days of strong price action, followed by many swings and pullbacks.”
He added that Bitcoin and the broader crypto market “has a lot of upside opportunity.” However, he warned that there could likely be a short-term pullback, which he said could be the last big opportunity to invest. Rager also claimed that Bitcoin would do that break $60,000 will resist for the first time since 2021 once this pullback is over.
ETH to $3,500 is the next target
In another X messageRager said the $3,500 price point is the target for the current price bullish momentum on the market. He also believes this will likely happen “sooner rather than later” with the help of the Ethereum Spot ETF rumors. Industry experts have done just that expressed his confidence that these funds will be approved.
$3,500 is just Rager’s first target for Ethereum in this cycle’s bull run, noting that this is not the “peak high” by any means. Meanwhile the analyst declared that the peak of this bull run is still far away. Using the crypto fundraising data as an indicator to determine when the market top is close to being reached, he noted that fundraising was still at a lower level compared to peak bull market activity.
Featured image of LAB51, chart from Tradingview.com
Disclaimer: The article is for educational purposes only. It does not represent NewsBTC’s views on buying, selling or holding investments and of course investing involves risks. You are advised to conduct your own research before making any investment decisions. Use the information on this website entirely at your own risk.